Groupe la Francaise Purchases 20,302 Shares of Chubb Limited $CB

Groupe la Francaise grew its holdings in shares of Chubb Limited (NYSE:CB) by 34.1% in the second quarter, HoldingsChannel.com reports. The fund owned 79,780 shares of the financial services provider’s stock after acquiring an additional 20,302 shares during the quarter. Groupe la Francaise’s holdings in Chubb were worth $27,192,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in CB. IMG Wealth Management Inc. bought a new stake in shares of Chubb during the 2nd quarter valued at about $25,000. Dunhill Financial LLC bought a new stake in Chubb in the second quarter worth approximately $25,000. Parvin Asset Management LLC bought a new stake in Chubb in the second quarter worth approximately $26,000. Highland Investment Advisors LLC acquired a new position in Chubb in the second quarter valued at approximately $26,000. Finally, CBIZ Investment Advisory Services LLC lifted its stake in Chubb by 148.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after buying an additional 49 shares during the period. 83.81% of the stock is owned by institutional investors.

Insider Transactions at Chubb

In related news, Director Michael P. Connors sold 5,500 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $345.00, for a total value of $1,897,500.00. Following the transaction, the director owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. This trade represents a 30.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph Wayland sold 8,502 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the completion of the transaction, the executive vice president directly owned 33,749 shares in the company, valued at approximately $12,302,860.46. The trade was a 20.12% decrease in their position. The SEC filing for this sale provides additional information. 0.37% of the stock is owned by company insiders.

Chubb Price Performance

Shares of NYSE:CB opened at $341.16 on Monday. Chubb Limited has a twelve month low of $265.30 and a twelve month high of $365.91. The stock’s 50 day moving average is $348.27 and its 200-day moving average is $334.52. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $131.62 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 1.63 and a beta of 0.37.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.77 by $0.49. The business had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. Chubb’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $6.14 EPS. Sell-side analysts forecast that Chubb Limited will post 27.35 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, September 11th. Chubb’s dividend payout ratio (DPR) is currently 14.43%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. HSBC cut Chubb from a “buy” rating to a “hold” rating and increased their price target for the stock from $370.00 to $373.00 in a report on Monday, July 6th. Citigroup reiterated a “market outperform” rating on shares of Chubb in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $354.00 target price on shares of Chubb in a research note on Wednesday, July 22nd. Mizuho upped their price objective on shares of Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $400.00 price objective on shares of Chubb in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Chubb presently has an average rating of “Hold” and an average target price of $361.00.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.